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Oct 23, 2012 7:30am EDT
. we will manufacture products that cater to the needs of local consumers. our plan is to use brazilian-made materials by investing in local development and production. >>> toyota displaying the new car released last month. the 50 participating automakers are vying for big shares in the brazilian market. new vehicle sales there exceeded 3.6 million units last year. expecting to boost the figure by 45%. >>> but it is not all good news for japanese automakers. production lines at a toyota factory in south africa have come to a halt. striking workers at a local supplier causing a lack of key parts. the toyota motor assembly plant in the city of durbin stopped its production lines last week. workers at the company's car seat factory are demanding a wage hike. toyota supplies the seats. its officials are in talks with the local labor union but say they aren't sure when output can resume. this is not the first time it was forced to close. it was shuttered for several days earlier this month when its own workers staged a strike. labor issues in emerging economies continue to pose a challenge t
Oct 23, 2012 5:00pm PDT
off at the u.s. marine corps air station in okinawa at about 7 p.m. local time on tuesday. the other ascended about 20 minutes later. the first one rose vertically like a helicopter, tilted the propellers forward and flew off to the north. the second one took off after running along the runway with the propellers tilted. it appears the infrared devices are being checked for nighttime flights. people in okinawa against the deployment have been repeatedly staging protests. they see the safety of the aircraft as not being fully established. u.s. forces are expected to soon begin full operation of the tiltrotor aircraft. >>> a former japanese abjecty has rejected arguments the country has nothing to do with the dispearance of her mother. she spoke at a rally in tokyo on tuesday and described out north korean agents abducted her and can her mother in 1978 in the sea of japan. she said three men assaulted her and her mother on their way home and rejected north krooe's explanation and said the attackers were not japanese. the nation insists that her mother never entered the country. >>ransl
Oct 23, 2012 7:00pm PDT
building events organized by local chinese like him. >> translator: i want everyone to know the history of the chinese living here, developing close relations with the japanese. >> reporter: he has always been part of the local community making lots of japanese friends. after a massive earthquake hit kobe in 1995, cai sprang into action. he rounded up supplies for evacuees sheltering in a school for chinese. >> translator: i did it as an individual. it was all about personal ties, whether you were japanese or chinese, it was irrelevant. we are and will be part of the local community. that's why i value my friendship with my japanese neighbors. >> reporter: last month the dispute sent anti-japanese demonstrators into the streets of chinese cities and in kobe a school for chinese nationals was torched. playing havoc with the friendship event cai was organizing. >> translator: it was cancelled, just so you know, it is just too bad. that's the way it is. >> reporter: the event was to have marked the anniversary of normal ties between japan and china. a chinese from the mainland was to have
Oct 3, 2012 7:30am EDT
counterparts to lead the way. >> translator: i want to be someone who has both a global and local perspective. i want to be confident in knowing what i'm capable of. >> translator: japan has experienced two lost decades of growth. we think if students can create a new path to the future, the country will be able to grow again. >>> a japanese film director returned from the prestigious toronto international film festival with an award in hand. he directed "the land of hope." it was inspired by the nuclear disaster in fukushima. he tells the story of an accident that devastates residents of a fictional town and picked their struggle to survive. nhk world has more. >> reporter: the movie is directed by award winning director, sono. sono views public interest and nuclear safety has been fading since the accident. with his new film, he wants to remind people. the film shows how the threat of radiation exposure affected local residents. this pregnant woman is too afraid to take off protective clothing. >> translator: i've made my film extremely dramatic. i extracted the essence of the whole thing a
Oct 8, 2012 9:30am PDT
to kenya, where he joins the local organization ecofinder. here nicolas kawerau is in for an experience of a lifetime. he discovers his role in supporting an environment project around lake victoria. we join him on his first day -- a new beginning for both, the young student and the local staff he will support. >> nicolas is anxious about his first day on the job in kenya. the 18-year-old will be working for an environmental organization over the next year. he arrived in the morning after taking a night bus from nairobi. he didn't get much sleep. >> you are relaxed and fresh now? >> i took a shower in the morning. >> so maybe you can leave your bags in the office and then i will show you around. >> ok, perfect! >> i'm really excited to learn what life is like in a different culture and to see everything from a different perspective. >> it's nicolas' first time in africa. his co-worker caroline shows him around. the organization ecofinder has its office directly on the shores of lake victoria. here, the main diet is fish. >> we'll make sure you'll eat that one before you leave. >> thirty
Oct 8, 2012 5:30pm PDT
no laws dealing with school bullying. local governments have started passing regulations to address the issue. they're informing educators, parents and others in the community they have a responsibility to protect children. >>> now let's take a look at the market figures. >>> space exploration has entered the commercial era. a ship built by a u.s. company has blasted off with supplies for astronauts in orbit. the craft is taking over for the space shuttles and taking private enterprise where it's never gone before. here's the story. >> three, two, one. >> reporter: engineers at the u.s. firm spacex developed the unmanned dragon capsule. they launched it from florida. the rocket separated on schedule ten minutes after liftoff. dragon is cruising towards the space station. it's due to dock in three days, 400 kilz meters above the earth. it's carrying nearly a ton of food and experimental equipment. spacex is the first company to handle a supply mission. its contract with nasa is worth $1.6 billion. 11 more dragons are scheduled to fly. the dragon capsule is now headed towards the inte
Oct 16, 2012 9:30am PDT
corrupt and wasting money. local politicians say the protesters are also responsible for spain's pipe -- financial crisis. >> the catalonia government is using the beta of independence to diverted attention from the serious problems that have arisen from budget cuts. these painful cutbacks will continue next year. that is why they are trying to divert people's attention to something else. >> barcelona used to be a boom town, but the economic recession has dragged the city down. work has been suspended at nearly all of the construction sites downtown, whether they be schools, hospitals, or other projects. university fees have nearly doubled. the regional government is cutting costs wherever it can. politicians have racked up 40 billion euros in debt. the problem is catalonia has to pay so much money to the spanish national government in madrid. at least that is what independence supporterssay. she is unemployed. she has a degree in biology and has never been that interested in politics until now. recently, she got involved in the newly founded catalonian national assembly. >> it was th
Oct 19, 2012 6:00am PDT
the next generation has to take care and we have to pass it onto them. >> reporter: cooperation of local people is important. at this village residents have planted walnut trees and other saplingings. villagers take care of them weeding the grass. forest officials explain the importance of conservation and villagers can use the budget from the project toward repair ing and gain favor with their community. >> if you have a project coming up in a particular village, they'll get an assurance, okay, the project has come. it's for the benefit of the village. so in that respect, more people, more villages coming to join us. >> reporter: training local people to conserve requires long-term financial support. developing nations are calling on advanced economies to allocate more money to the important cause of preserving global heritage. >>> teenage pregnancy rates in many countries are higher than the asian average and rising. that's a concern given the potential health implications for young mothers. international organizations such as unicef warn that pregnancy can harm a young girl's body and
Oct 19, 2012 2:30pm PDT
. they have won the past two local derbies. >> coming up after the break, we will look at germany's first private trial in 400 years. and palestinians go to the polls on saturday. >> and if you have any nostalgia for the old vw buses from the 1960's -- i don't know if you remember them -- we have a story about that. >> stay with us. >> welcome back. >> it is the first sentencing of its kind in 400 years. a german court has convicted four somali pirates. >> our next report shows bringing pirates to justice has been a long and complicated process. >> they are a long way from home, and they are not going home anytime soon. 10 somali pirates sentenced by a german court. the three youngest of two years in juvenile detention. it was not a brief trial. the court in hamburg took two years and more than 100 days in session to finally reach its verdict. the 10 men hijacked the german flag container ship in april 2010. the captain managed to send out an sos before hiding with his 15-member crew in the ship's panic room. after a dramatic 3.5-hour rescue mission, dutch commandos detained the pirates.
Oct 23, 2012 9:30am PDT
them out. that is made family is afraid of what can come next. while the local authorities were prompted to remove the paint, the family does not believe they can rely on the turkish state for protection. >> nobody cares about us alawis. our prayer centers are not recognized and the poor among us get no support. >> the government is not serious about finding the person responsible for this. it is always like this. >> many sunnis turn a blind eye to attacks on alawis. >> that could be the remains of painting work or graffiti from kids. children always do this kind of thing. >> alawis in qatar and beyond no longer want to stay silent. they're trying to start a protest movement in turkey. it is becoming clear the kurds are not the only discontented minorities in the country. >> this has been used since roman times. the pantheon is built from it, for example. it was quarried in small quantities, but the marble industry has grown extensively. some has warned it has gotten too big. they say it is damaging the environment and ruining people's health. >> from the center, you cannot see
Sep 30, 2012 8:00pm PDT
the expansion of a local company that's creating healthier workplaces, what's important to the people of the bay area is important to us. and we're proud to work with all those who are making our communities stronger. available in america right now. almost half our nation's employers have open positions they can't find anyone qualified to fill. devry university offers bachelor's and master's degrees that can prepare you for these careers. the ones already here, and the ones just around the corner. get the know how you need for a new tomorrow. learn more at >>da: family members are searching the beach for the missing man. in 18 for capsulized 1 mi. north of the pigeon point lighthouse. it happened around 11:30 a.m.. a large wave hit the boat throw in all four men into the water. two men did not have life jackets and are still missing. the coast guard has been searching all day and will continue to look for the man on my. the family says the four men got on the bus and left the san francisco area 6:00 sunday morning. >> the clock is ticking down to wednesday's presidential debate with
Oct 30, 2012 4:30pm PDT
: as east coast residents survey the mess sandy brought ashore, federal, state and local governments are already coordinating the cleanup. right now, thousands of workers from every level of government are on a rescue mission in new jersey and new york's hardest- hit areas. fema is pulling in generators and working with power companies to get the lights back on. the storm's damage was so severe that president obama quickly declared major disasters in new york and new jersey overnight. the decision frees up federal dollars to help families and businesses recover their losses. it also allows the u.s. to reimburse local and state governments for some of the expenses they'll face as they rebuild. the east coast may be cleaning up, but sandy isn't finished. the storm is plowing inland, dumping snow across the appalachians. with sandy still churning, it's near impossible tonohow extensive the damage will be or how long the cleanup will last. sylvia hall, nbr, washington. >> tom: earlier, susie mentioned the challenges of getting around one of the world's largest and most congested cities w
Oct 4, 2012 7:30am EDT
's toyota and nissan are there with the newest offerings, but other makers are noticeably absent. local affiliates decided not to take part in the wake of anti-japanese protests last month in several chinese cities. >> translator: i do not want to buy a japanese vehicle due to the dispute. >> translator: however both countries handle the dispute, i think japanese carmakers should still be participating. >> several chinese dealerships have postponed their sales campaigns for new japanese models. >>> aeon, added up the cost of protests, demonstrators caused $9 million in damages to their flag ship store in the eastern part of the country. a group of people looted and damaged the supermarket in the reskrun durigion during the ral month. managers say they expect to reopen in late november. the riots hurt aeon's chance of mini-stop convenience stores. they will cut the number of planned outlets from 70 to 20. still, they say will expand in china. they say can't ignore the opportunities in the growing market. >>> europe's major banks have raised $260 billion in fresh capital during the year t
Oct 17, 2012 7:00pm PDT
of a local woman by two u.s. servicemen. okinawans have lived with u.s. military bases in their backyard for decades. incidents such as this have occurred repeatedly. the case could further strain japan/u.s. security ties. investigators say the men attacked the woman before dawn on tuesday on a street in the central part of okinawa's main island. they say the suspects raped and injured her and then made off with some of her personal belongings, including her bag, mobile phone and some of her clothes. the servicemen arrived in okinawa on sunday and were to leave for guam on tuesday. okinawa's governor naikama met the u.s. ambassador japan john roos at the american embassy. nakaima expressed grave concern the matter would irreparably damage trust between okinawa and the u.s. military there. they say they take the matter seriously and are extremely concerned. >> translator: i wonder if u.s. servicemen are willing to abide by the law and it gives me chills just to think that such people actually fly military planes. people in okinawa are losing their trust. >> this case is coming at a time w
Oct 4, 2012 8:00pm EDT
. early in my career, i raised my life testifying against a corrupt local official and that is why wasn't afraid to stand up to wall street, too big banks, to credit card companies that ripped up consumers. my sister and i cared for her mother until we lost her to alzheimer's. that is why fight against insurance companies to deny people coverage based on preexisting conditions and to make sure we eliminate the donut hole, the gap of prescription drugs for seniors. without the belief one teacher had in me and pell grants, i wouldn't be standing here before you today. that's why fight for funding for thousands of teachers to stay in the classroom teaching our kids and to make sure that college is more affordable by expanding pell grants and make sure that when interest rates were low. my experience has been like so many millions of new jersey and who work hard every day to try to advance the hopes and dreams and aspirations of their children. but the metaclasses under attack and that is why fight back in the united states than it should create good jobs, good health care, a quality educat
Oct 28, 2012 9:00am PDT
some 50,000 individuals to serve their time locally, and these offenses that we were talking about here are currently in the list of offenses that were to be served in county jails now. and if the notion here is to provide services and treatment to these individuals from a practical point of view, and i lean heavily on my experience as a misdemeanor prosecutor for all those years when we did possession offenses, when we tried many, many under the influence offenses, especially heroin, i don't see that under the current system that reducing these penalties from felony to misdemeanor is going to have any incentive for this population to obtain treatment. i also do not agree that under this measure that locally there will be additional moneys available for treatment. i noticed in the list of supporters for senator leno's measure, it's heavily supported by people in the treatment community. i think that that's great because we all understand that treatment does work. treatment in these forms of addiction will help these people get on track because they are broken. i think there is a general
Oct 22, 2012 3:00pm PDT
to create a robust local economy and thriving communities. the most visible demonstration of this commitment is the three new medical centers that we have under construction in oakland, san leandro and red with city. these symbolize our significant investment in the health of this region. now, it is my honor to introduce a man i believe shares our commitment to a strong, healthy future, san francisco mayor, ed lee. [applause] he was sworn in on january 8 of this year as the 43rd mayor of the city and county of san francisco. lee is the first asian-american mayor in san francisco's history. prior to his election, while serving as interim mayor, he championed balancing the budget, keep sanford cisco safe, solid, and successful by reforming city pensions, focusing on economic development, job creation, and public safety as his top priorities. they year lee -- mayor lee has worked hard to keep the economy and economic recovery on track, to create jobs for residents, and everything to support a thriving economic climate. during this term, he has said that he will keep his focus on economic develo
Oct 17, 2012 2:30pm PDT
-right paramilitary groups are terrorizing the town, and they said that local residents would be too afraid to talk. the recently executed one man as an example. only one soldier was willing to speak to us. >> the people are only doing what they are told. they are scared and just want to stay out of trouble. they avoid everything that could cause more problems or more deaths. >> back in bogota, the government is ready to talk peace with the rebels. while the military has eroded their strength in recent years, they have failed to declare a decisive victory. >> both sides have tried their utmost to win this conflict. the colombian government with the help of the united states has doubled its military and police force. we have a stronger military today in brazil, which is a much larger country. >> the rebels have carried out some terrible attacks in our cities, but the state still has not been able to defeat farc and the rebels have not been able to seize power. >> an estimated 5 million people have been displaced by the fighting on both sides of the border. many are stranded in southern colombia. aft
Oct 22, 2012 6:00am PDT
lebanon between groups that support and oppose the syrian government of bashar al assad. local media reported exchanges of fire involving automatic weapons and mortars. the violence was triggered by the killing of a top lebanese security official last week. he was known as a lead og poentd of the syrian president. his death was seen as an act of retaliation by the pro-assad faction in lebanon. the tensions are driving a wedge between the people, mainly sunni factions opposed to the syrian president are fighting against the shia group hezbollah and other sympathizers of bashar al assad. >>> a high-ranking syrian official says president assad welcomes in principle the cease-fire proposal by the united nations and the arab league. syria's deputy foreign minister faisal mekdad made the remarks on monday in an interview with nhk. president assad met with the united nations and envoy lakhdar brahimi sunday in damascus. brahimi called for a cease-fire between government and opposition forces starting on friday, the first day of aislamc eid al adha, a muslim holiday. deputy foreign minister
Oct 3, 2012 7:00pm PDT
well-known japanese brands, honda, mitsubishi and subaru. the local car dealers decided not to take part in this year's event following anti-japan unrest in several chinese cities last month. >> translator: i do not want to buy a japanese vehicle due to the senkaku dispute. >> translator: however both countries handle the dispute, i think japanese carmakers should still be participating. >> several chinese car dealers have also postponed their sales campaigns for new models of the japanese vehicles. >>> japanese business leaders are wringing their hands about the economic impact of these tensions. yogi khan joins us now from the business desk. we've heard about these concerns before. what's the lateest? >> we've already heard from some japanese companies about the impact of the political tensions between japan and china and the latest one comes from japan's largest supermarket store chain. the people at japanese supermarket chain aeon say demonstrators cost almost $9 million in damages to their flagship store in the eastern part of the country. a group of people looted and damaged t
Oct 31, 2012 1:00pm EDT
to disrupt not just at the local level, but the global economy. unfortunately, what you're hearing is too much of the gloom and doom in terms of where america is when it comes to competitiveness. my view is that it is still the best country on the planet when it comes to starting up a business, advancing an idea you have or access to talent. the challenge we have before us because we are the architect of our own destiny, that there are key issues we need to confront. if you look at the next 30 years, if you do not address them, i do not think we can remain the most competitive country in the world. first, i think it comes down to immigration. it is broken. it makes absolutely no sense when we educate some of the smartest people in the world with advanced degrees and then ask them to leave the country and go start up companies elsewhere. why are we not stapling right to their graduate application a visa or a green card? second, when it comes to education, the challenge we have domestically is that that system is also broken as we look for the next 30 years. in detroit, for example, there w
Oct 31, 2012 7:30am EDT
amendment. the 10th amendment says local decisions made at the state level are better than washington. i understand that is represented in congress i should not be meddling in state affairs but i have my opinions and yes, we need to get this resolved. ms. hochul believes its washington that's always got the right answer. it's big of a coming out of washington, washington to tell the states and counties what to do. that's a big difference. this is a state issue. i will respect that this is a state issue. i respect and honor the tenth amendment of our constitution. >> give you a quick rebuttal but is it a state issue? hochul: guess it's a state issue but also with when your your leader in congress you are in position to set to bring people together. i don't think i should just walk away and say i don't care about the community's i represent. this is hurting them. we need to resolve this so i take it to framework to my job in washington. it's not just what you do sitting in a job at capital. when is multimedia grocery store, you've got to get involved and help them. when anakin needed help,
Oct 1, 2012 7:00am EDT
to the gasoline tax, and through the highway trust fund, money flowed through to the transit programs at the local and metropolitan level. in 1990's, the early 1990's, we stopped funding at the federal law operating subsidies. it is a little ambiguous, but essentially, it has been a a capital program. its size is about $10 billion give or take annually. there's also a portion of it that comes from general funds, and program known as new start, for example, the extension of the washington metro from the dulles airport is funded from a program called a new start spiritedness -- a new starts. it generates more than $11 million per year, and represents about 20%, give or take, of the total federal circuit transportation funding. that is, about 80% goes to highways and 20% goes to transit. guest: -- host: we will talk about the federal level, but our best also has experience with state and local level as well prepared, if your regular mass transit, user, i call the number on the screen. everyone else, call the other number. our guest was with the transportation department as an assistant secretary. qui
Oct 18, 2012 4:25am EDT
of moisture you see now approaching cincinnati will start to get into the area. we see locally heavy rain here overnight and into friday. that is still a good 1 hours or so away. we are not too concerned with it here for the morning commute. temperatures later today, we are expecting highs in the upper 60s to low 70s. it should be nice and comfortable later. with temperature right now in the 50s, not a terrible start to the day so just a little cool out there at the moment. back to you. >> tucker, thank you. >>> let's take a look at our top stories. an elaborate plan to blow up the federal reserve building in new york city using 1,000 pounds of explosives. it has been stopped by federal agents and a suspect is now facing serious charges. federal agents say there was never any risk to the public because it was all part of a terrorism task force sting operation. the suspect, a 21-year-old bangladeshi man is now in federal custody. >>> former democratic governor time cain will face off against former republican governor george allen in their final debate. -- former democratic governor tim kaine w
Oct 10, 2012 7:00pm EDT
the middle class. >> how about state and local income taxes? that's another run right there. there are so many, jared. it's just simpson/bowles. why didn't your president -- why didn't he take up the simpson/bowles and run with it? >> this is an important point, jared. jared, let's focus on this, what arthur is saying. everybody in town, everybody in washington has a romney-like tax reform plan, whether it's the brookings tax policy center, they have one. >> he has a 28% -- >> you have simpson/bowles, and now you have the romney plan. your man's the only guy who thinks tax reform means higher tax rates. you're the only one. >> can i please respond here? >> i want you to. >> in every single budget he has produced, there has been a cap on itemized deductions for people above $250,000. they can only deduct the 28%, not 35% or 39%. and it raises half a trillion dollars over ten years. it's in every one of his budgets. please don't tell me it's not. i can show you where it is. >> arthur laffer, explain this to me. >> the key here is lowering rates. jared, i do agree with you, we need to raise
FOX Business
Oct 1, 2012 4:00pm EDT
beyond local to the hyperlocal market. how do you compete there? >> hyperlocal they're just referring to geotargetting. today the technology evolved so much since either one of those businesses were launched. we were fortunate to build our platform on the latest technology. so everything is going to be, everything is going to be geotargeted and down to the individual cell towers to be able to tell where somebody is by mobile. so much has been discussed in terms of mobile advertising and how it works but this is really, call it mobile commerce. that is, so when somebody is listen to the radio and hear a sweet jack ad and check in and see exactly what is closest to them and where they can actually go find a deal. that's where using mobile and as well as radio can be a very powerful combination together. david: lewis, you have a very ambitious goal. $100 million in revenue by 2014 is your goal. when you're approaching investors for this project and you tell them, do they scoff at 100 million in a year and a half? >> well, in reality that's a, that's not a big percentage of the revenue. t
Oct 5, 2012 12:00pm EDT
government not much. state come of it more, local, a lot more. the federal government should be maintaining harmony among the states keeping them in line regards to protecting americans' rights keeping the nation in harmony that is on facebook. next up is cheri watching in des moines. an independent. good morning. >> caller: yes, i do agree with mitt romney. i think the government is getting way too big. that's my comment. thank you. >> host: next up is less in detroit. he wore on. good morning. >> caller: good morning. we in michigan have to decide in november whether to allow the state to come in to the city and as a public use to take over and print the financial manager were emergency manager for the cities that have financed the distress and take over the local government where they can come in and remove the city officials like the mayor and the city council. i don't think that's the the presidential candidate mitt romney had in mind when he wanted to say states have rights. what about the city's rights to elect their own elected officials? and help do they own? when you say governmen
Oct 19, 2012 7:00am PDT
it yesterday and so have many local business owner who say they wouldn't be able to absorb the extra cost. voters will weigh in on it in november. live in san jose. >> a former teacher who was killed inside her home will be laid to rest today. funeral service for her will start at ten this morning at saint patrick's church in rodeo. she was found stabbed to death on october 5th. a husband and wife are suspects in the killing. they were arrested in the seattle area last week. >>> a man has been described as a starter in a gang rape in richmond will be sentenced today. the 22-year-old is set to get a 32 year prison sentence. he and five others are charged with gang raping a 16-year-old girl outside a richmond high school homecoming dance in 2009. >> time is now 7:05. angry protesters disrupted last night's port of oakland board meeting. >> we are outraged. >> the media has exposed what we have known all long. >> angry union workers cited us and our investigation in their protest against the commission and the management. coming up at 7:46 the very latest on the fates of two top manager
Oct 16, 2012 9:00am EDT
. the westgate cousins went old school to decide who pays the check. a local book club raved about the cliffhangers in the new crime novel. and some bff's from college joked about looking up old flames on facebook. all over delicious entrees like new santa cruz steak from our $20 dinner for two. chili's -- more life happens here. donuts? ♪ [ chuckles ] ♪ you're cute. ♪ [ door creaks, closes ] [ female announcer ] the protein effect. new special k protein cereal. with ten grams of protein and three grams of fiber... finally, a protein cereal to help keep you fuller longer. willpower. what will you gain when you lose? ♪ that's why new dove style + care whipped cream mousse nourishes and conditions to help keep curls well defined and touchably soft. new dove style + care whipped cream mousse. better style through better care. [ ding! ] losing your chex mix too easily? time to deploy the boring-popcorn decoy bucket. then no one will want to steal the deliciousness. with a variety of tastes and textures only chex mix is a bag of interesting. >>> still to come on today, emmy awar
Oct 30, 2012 8:00pm EDT
and entrepreneurship in particular. then josh linkner, a local star here who runs detroit venture partners as i'm sure many of you know, if you're from detroit, you certainly know that, a supporter of this event which we're very grateful for, and i think symbolic of the incredible new energy that's developing in detroit. and i should also say that josh created a company calls eprize in 1999 here in detroit. it's been operating all this time. two weeks ago it sold for a nice exit. [applause] so here's the story of a local company that came from here, went all the way and, you know, he's done real well with that. meanwhile, he's invested in a ton of other companies. so i just want to start by asking you, steve, you know, when i told you about this, you immediately dropped it. why did you think techonomy detroit was a good idea? >> well, i think it's a great idea. i think it's great you're willing to shine a spotlight on detroit. it's not just about detroit, the story about entrepreneurship in america and how it is spread more broadly through the nation than we sometimes realize. obviously, silicon valle
Oct 29, 2012 5:00pm EDT
. that is where between the local school boards, teachers and parents. now i don't -- i said i wanted to take a look at the department of education, and it's possible. but they do some good things so we don't want to throw that away. but we need -- any federal organizations basically as big as the department of education there is a lot waste. just to get that money to the states. they can do it themselves and that is a state issue but it would be more economical doing that. and we need to eliminate a lot of mandates mandated by the department of education. that's what i don't think a lot of career politicians, which i'm not, but a lot of career politicians really don't grasp how these mandates that the federal government mandates down to the state including education. they have to be paid for and it falls to the state's usually. the federal government will mandate. let's eliminate that and use our money wisely, focus it like a laser on bill local schools and the teachers and the school board's. that's how you improve education. >> moderator: mr. casey? casey: monica, this is important as it r
Oct 8, 2012 2:30pm PDT
the truth for something more pleasant. >> ordinary local people stopped coming here young ago. only those to afford it come these days. many of them have little sympathy with the protesters. >> i think most portuguese understand we have to get our state finances in order. that's the only way we can stabilize the economy. >> people in this suburb may disagree. the food here has to be donated by local bakeries and supermarkets. volunteers distribute it to those who need it most. he said of the project. >> the people who come here are mainly from low-income households. their middle-class families whose income is decreasing rapidly. there are people with jobs or older people who have debts and cannot afford food who need our help, too. >> some 50 families come here on a regular basis. she is collecting the weekly ration for her family of five. she lives with her parents and they are all unemployed. 37% are without a job. the future seems bleak and many are angry with the prime minister. >> if i could, i would throttle him. what do you do? >> with such widespread discontent, pressure on the po
Oct 10, 2012 5:30pm PDT
is more affirmative policy that needs to be created in order to address a very specific local need. i think that will be an area which is going to be an option for the policymaker. >> thank you. >> thank you. >>> all right, top imf and world bank representatives spent their day on wednesday talking about risks of a different kind. they traveled to a disaster mitigation conference in northeastern japan, the region that bore the brunt of last year's earthquake and tsunami. officials say it's in everyone's interest to better manage the threats posed by nature and say the people in japan have a lot of lessons to share. nhk world reports. >> reporter: world bank president and christine lagarde took a break from the meeting room they often frequent and went on a field trip. they visited the coastal areas around sendai. last year's tsunami washed ashore here, and it almost washed away this elementary school. the principal explained to lagarde and kim how children, teachers, and local residents survived the disaster by following the evacuation plan they had prepared. >> translator: i ordered
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